The American worker is on a productivity tear and it may have more to do with a surge in working from home than the effects of AI, according to a Stanford economist.

For the past five years, the output for non-farm businesses has increased by a sizable 2% per year, The Economist reported citing statistics from the Bureau of Labor Statistics. This is a marked increase from the 1% productivity growth per year that defined most of the 2010s, and a trend that has taken even Federal Reserve Chairman Jerome Powell by surprise.

Yet, while the hype around AI over the past several years makes it a logical candidate for the main driver behind the productivity boom, Nicholas Bloom, a Stanford economics professor who is known for explaining the Great Resignation of the early 2020s, says it’s more likely work-from-home policies since the pandemic are fueling the trend.

  • sp3ctr4l@lemmy.dbzer0.com
    link
    fedilink
    English
    arrow-up
    40
    ·
    edit-2
    8 hours ago

    This is honestly extremely fucking obvious.

    We can’t have a remote work paradigm for two main reasons.

    1] C Suite / Managers are narcissistic sociopaths who need to feel important, competent, dominant and better than people, in person.

    2] Moving to a remote work paradigm would crater commerical real estate values. This is far from impossible to fiscally manage without catastrophe, but it would expose the immense amount of fraud and corruption going on in that sector.

    That’s it.

    Every other talking point you’ve ever heard against remote work are rationalizations to avoid these two points.

    … the skill set and task set that LLMs are currently most well suited to replace in the workforce are C Suite and Upper Management.

    Those are also the most expensive employees and the ones most likely to make catastrophic or consistent mistakes.

    But they enjoy having a lot of money and power, so, we get clown world where they do everything they can to gaslight us to avoid realizing this.

    • NewNewAugustEast@lemmy.zip
      link
      fedilink
      arrow-up
      6
      ·
      edit-2
      4 hours ago

      Our entire business is remote and work from home unless they need to be in the field. Currently the execs support it because we provided overwhelming documentation about the productivity going up.

      But we had to work for it, in the sense that we needed to change how we did business, to accomodate for writing things down, asynchronous work etc.

      But our biggest threat to all this are certain managers, like you mentioned, and these weirdos who think we should have friends at work. They want to get together and nothing kills remote work faster than hybrid meetings. They start to blather on about needing more hall meetings and knowledge from “bumping into someone”. They can bump into whoever they want on teams, stop with the damn hybrid meetings!

      And the dumbest part of this is we already had several office hundreds of miles away from each other. We already we not bumping into most of our 7000 employees.

    • village604@adultswim.fan
      link
      fedilink
      English
      arrow-up
      12
      ·
      8 hours ago

      LLMs aren’t even good at management. They gave one like $30k to run a coffee shop and it did shit like buy several years worth of rubber gloves and thousands of cans of tomato sauce. Iirc it spent $21k and only made like $5.6k